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Open-wheel series hires staffer, opens office to bring IndyCar to big and small screens.
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Bill would lift ban on booze at Indiana State Fair
Republican Rep. Robert Cherry of Greenfield says alcohol sales could provide needed revenue to the State Fair and allow the event to showcase Indiana wine and beer.
ICVA executives sharing leadership duties
Three hospitality industry executives are holding down the fort as the ICVA board searches for a new leader to replace outgoing CEO Don Welsh. Directors are on no timetable to name a replacement.
Interactive Intelligence expecting strong earnings
Indianapolis-based business-communications software firm said it is expecting higher profit and revenue for both the fourth quarter and fiscal 2010. Lucrative product orders in the fourth quarter should help boost earnings.
Lilly agrees to pay up to $1.2B for diabetes drugs
A complex deal with Boehringer Ingelheim also gives the German company rights to two experimental Lilly insulins.
Daniels’ annual speech could reach wider audience
Indiana Gov. Mitch Daniels may have a bigger audience for his State of the State address as political observers around the country search the speech for clues on whether the Republican will run for president in 2012.
Simon Property abandons offer for Capital Shopping
Simon Property Group Inc., the largest U.S. shopping mall owner, abandoned its $4.5 billion bid for Capital Shopping Centres Group Plc after the British company resisted Simon’s takeover interest.
Lilly partner moves up timetable for diabetes drug
Amylin Pharmaceuticals Inc., rebuffed twice in its bid for U.S. approval of a weekly diabetes drug, will meet its timetable and submit a heart-safety study to regulators by the end of 2011, its CEO said.
Advocates say most Hoosiers want school changes
Advocates met at the Statehouse Monday to push education proposals that have renewed life during this legislative session because of support from Gov. Mitch Daniels and leaders in the GOP-controlled House and Senate.
Citimark rejoins development game
The company last month broke ground on an 8,000-square-foot medical building near 86th Street and Allisonville Road. The project is the first of three buildings it plans to develop as part of Gardens at Castle Creek.
Trail Side funding finally closes
Financing for construction of a $10 million, mixed-use building at 875 Massachusetts Ave. closed Dec. 22, allowing developers to proceed with the project after a funding snag nearly killed it.
Sara Lee to lease 281,000 square feet in Plainfield
Sara Lee Corp. has signed a lease for about 281,000 square feet of space at Plainfield Business Center at Airwest. The Illinois-based maker of food products will establish a new distribution center in the space in February.
Bill would let Indiana pharmacies collect old meds
A bill authored by Republican Rep. Kevin Mahan of Hartford City would revise state law so that pharmacies could accept unused prescription drugs from customers and dispose of them securely and safely.
Forty Under 40: Joy Fischer
Among Joy Fischer’s favorite projects as director of marketing and communications for law firm Ice Miller LLP is spearheading an annual survey of Indiana CEOs.
Construction
-Charles C. Brandt Construction Co. completed a 2,400-square-foot tenant build-out in Fashion Mall Commons, 8487 Union Chapel Road, Suite 300, for the relocation of The Cheese Shop from the Fashion Mall at Keystone at the Crossing.
-Primus Builders Inc. has been awarded the design/build contract for an expansion of an Americold Logistics facility at 3320 S. Arlington Ave. The project, which involves 100,000 square feet of new construction, is scheduled to be completed in late 2011.
People
The local office of Colliers International has appointed Rob Warstler director of retail services. Diana Nyirenda has been added as a senior research analyst.
Residential
On a seasonally adjusted basis, the pace of mortgage loan activity increased 2.3 percent for the week ended Dec. 31, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.82 percent from 4.93 percent the previous week. The rate for 15-year mortgages increased to 4.23 percent from 4.22 percent.
Leasing/leasing contracts
-UTi Integrated Logistics Inc. leased 50,000 square feet of industrial space at 5136 W. 81st St. The tenant was represented by Stan Elser and Bill Brennan of Lee & Associates. The landlord, Dugan Realty Inc., was represented by Kate Willen and Glenn Davis of Duke Realty.
-Hibachi Grill and Supreme Buffet leased 18,750 square feet at Cherry Tree Plaza, 9701 E. Washington St. The tenant was represented by Mark Sturgis of ADM Commercial Properties. The landlord, Sandor Development Co., was represented by Jamison Downs of Sandor.
-Bermo Enterprises Inc., doing business as Max $10, leased 6,750 square feet at Cherry Tree Plaza, 9749 E. Washington St., Suite A. The landlord, Sandor Development Co., was represented by Jamison Downs of Sandor. The tenant represented itself.
-cfc Adviser of Carmel Inc. leased 4,000 square feet at Pebble Brook Village, 5540 Pebble Village Lane, No. 100, Noblesville. The landlord, Pebble Brook Office Two LLC, was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.
-El Nopal Mexican Restaurant leased 4,000 square feet of retail space at Pebble Brook Village, 5540 Pebble Village Lane, Noblesville. The tenant was represented by Bill Buzan of Real Estate Unlimited. The landlord, Tom Wetherald, was represented by John Reller of Colliers International.
-Good Times of Indiana LLC, doing business as Smoke Station, leased 2,210 square feet at College Park Plaza, 8403 N. Michigan Road, Suite A. The tenant was represented by Stephen Daum of NAI Olympia Partners. The landlord, Sandor Development Co., was represented by Jamison Downs and John Holloway of Sandor.
-Good Times of Indiana LLC, doing business as Smoke Station, leased 1,820 square feet at East 40 Plaza, 8516 E. Washington St. The tenant was represented by Stephen Daum of NAI Olympia Partners. The landlord, Sandor Development Co., was represented by Jamison Downs and John Holloway of Sandor.
-Trusted Auto Repair leased 1,500 square feet of industrial space at 2251 N. Dequincy in the Garfield Industrial Park. The landlord, Garfield LLC, was represented by Brad King of Colliers International. The tenant represented itself.
-Joe’s Cutz leased 600 square feet in Augusta Plaza, 7247 N. Michigan Road. The tenant was represented by Nick Smyrnis of Lee & Associates. The landlord, Augusta Plaza Associates LP, was represented by Fred Frisch of Lee & Associates.
Sales/acquisitions
-Greenwood Foot Clinic bought a 7,200-square-foot office/retail building at 720 Fry Road, Greenwood. The price wasn’t disclosed. The buyer and seller, MainSource Bank, were represented by Mike Kensill of Lee & Associates.
-Circle City Property Group Inc. bought a 1,577-square-foot retail building at 7745 W. 10th St. The price wasn’t disclosed. The buyer was represented by Rick Jones of Lee & Associates. The seller, Hurricane Food Inc., was represented by Jason Speckman of NAI Olympia Partners.
-Midland Atlantic bought four parcels totaling 6.75 acres in Plainfield Park at the intersection of State Road 267 and Hadley Road, Plainfield. The price wasn’t disclosed. There were no brokers involved in the sale of the property by Pillar Properties II LLC.
Forty Under 40: Andre Carson
In an election year in which Democrats nationwide suffered heavy losses, U.S. Rep. Andre Carson prevailed in his re-election bid.